St Leonards Purchase

Fleet Letting

August, 2013

Foundation’s Leinster Terrace managed fund has entered into an Agreement for Lease of its 4000 sf new build foodstore to Morrisons on a 15 year lease. Planning consent is due imminently for the retail building and for a 5 bedroom house on an adjacent site.

Havant Sale

July, 2013

Foundation’s No8 managed fund has sold a site adjacent to its Havant new 3500 sf One Stop foodstore to a private investor. We had recently secured planning consent for 7 x 3 bedroom townhouses which will be built and held for investment by the purchaser.

Sydenham Purchase

Fleet Purchase

May, 2013

Foundation’s Leinster Terrace managed fund has contracted to purchase a site at 150 Aldershot Road, Fleet for £425,000. Planning is being submitted for the development of a 4,000 sf foodstore and a 5 bedroom detached house.

Alton Purchase

April, 2013

Foundation’s Leinster Terrace managed fund has completed the purchase of The Windmill former public house in Alton, Hampshire. The 4,800 sf Ground floor will be let as a foodstore following the building’s refurbishment. Planning applications are immediately being submitted for the development of 4 detached houses and 2 flats.

Whitehall Purchase

April, 2013

On behalf of our clients Soho Housing Association, we have secured the purchase of a retail and residential investment at 35 Whitehall for £3.6m. We were assisted by Ashwell Rogers and the vendors were adsvised by our old friend Tim Kourides and his team at TK Retail.

Store 21 Advisory

March, 2013

Working closely with our client’s legal advisors, Fladgate LLP, we have been appointed by Alok Industries, the Indian parent company of Store Twenty One, to assist in their attempt to avoid the insolvency of the UK retailer with over 200 stores and 2000 staff.

We are in detailed negotiation with all the retailer’s landlords to secure support by way of temporary rent discounts and monthly rent payment in anticipation of a strategy to re-vitalise the brand and re-base its store portfolio and have to date the significant majority of landlords have offered tangible support. This is believed to be a ground breaking attempt to avoid the Pre-Pack Administration route being followed by an ever growing number of insolvent retail chains.